** Cypress Semiconductor Corp is working on an offer
to acquire Atmel Corp, the U.S. chipmaker that agreed
to sell itself earlier this month to Dialog Semiconductor Plc
, according to people familiar with the matter. Cypress
has informed Atmel it believes its offer will be superior to
Dialog's cash-and-stock deal, which was worth $4.6 billion when
it was announced on Sept. 20, the people said.

** UniCredit is close to selling 1.2 billion euros
($1.34 billion) worth of bad loans to private equity firm Anacap
Financial Partners, a source close to the matter said.